Monero Market Report: $XMR Rockets to All Time High

Monero is showing strong and record breaking upwards movement posting a new all time high of $246.32 on Bitfinex.

Brief:

Monero is showing strong and record breaking upwards movement posting a new all time high of $246.32 on Bitfinex. Monero is up 16.74% in 24 hours, up 34.69% on the week and up 166.33% on the month on a last price of $232.83. The Monero marketcap is $3,594,992,989 with a circulating supply of 15,440,420 $XMR. $XMR/USD is trading between a 24hr and all time high of $246.32 and a $24hr low of $196.10 on a 24hr Bitfinex volume of $44,806,400. In heavy volume trading the weekly trend is up.

Last price

$USD

Volume

The 24 hour volume for $XMR/USD on Bitfinex is $44,806,400. This volume weight is heavy when compared with Bitfinex daily trading levels for $XMR over the last month.

The total 24 hour volume for all reporting $XMR markets is $293,977,000 USD.

Market Share

The Bitfinex currency pair $XMR/USD is 15.24% of all $XMR traded in twenty-four hours. Bitfinex is second in market share after Bithumb which has almost 35% today.

Remarks

Monero is showing strong and record breaking upwards movement posting a new all time high of $246.32 on Bitfinex. Monero is up 16.74% in 24 hours, up 34.69% on the week and up 166.33% on the month on a last price of $232.83. The Monero marketcap is $3,594,992,989 with a circulating supply of 15,440,420 $XMR. $XMR/USD is trading between a 24hr and all time high of $246.32 and a $24hr low of $196.10 on a 24hr Bitfinex volume of $44,806,400. In heavy volume trading the weekly trend is up.

It has been weeks since we last saw a Market Report with a weekly trend of “up” in a “bullish” sentiment market. We’re seeing it today. Monero breaks the mold again with its characteristically strong performance.

Pegged at a rank of ninth overall in market capitalization of all cryptocurrencies, $XMR is the undervalued sleeper in the jam packed crypto markets. Today’s strong and record setting performance shows how much investors value this digital asset.

Daily High Low

Trend

Resistance

Support

Support is the lowest price within the period:

period

support

day

196.10

week

149.97

Market sentiment

Market sentiment is bullish.

Image courtesy Pixabay.com

Summary

Monero is showing strong and record breaking upwards movement posting a new all time high of $246.32 on Bitfinex. Monero is up 16.74% in 24 hours, up 34.69% on the week and up 166.33% on the month on a last price of $232.83. The Monero marketcap is $3,594,992,989 with a circulating supply of 15,440,420 $XMR. $XMR/USD saw weekly and all time resistance at $246.32 and weekly support at $149.97. Market sentiment is bullish. The weekly trend is up in heavy volume trading.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer: